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Data on default rates shows that while there has been improvement in consistency between corporate and muni ratings, there is still work to be done.
November 8
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The 5% non-callable-10 structure, which has been the standard for municipal bonds, was tailor-made for advance refunding
November 8
Kalotay Advisors LLC -
The state government will sideline Houston Independent School District's elected board and take control of the state's largest school district.
November 7
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Buffalo is grappling with uncertainty following an FBI investigation of a city agency on the heels of a credit downgrade stemming from past deficit woes.
November 7
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A powerful equity market whacked Treasuries and munis followed suit and as much as a 7 bp correction ensued.
November 7
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California, Massachusetts and New York came closest to utilizing their volume caps for PABs in 2018, according to a recent survey by the Council of Development Finance Agencies.
November 7
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New York City raised its target for contracts with Minority and Women-Owned Business Enterprises by $5 billion by fiscal year 2025.
November 7
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A declaration would be a first step toward dealing with the insolvency of the Water and Power Authority, with $252 million of bonds outstanding.
November 7
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Moody's Investors Service says the law is good for holders of local GO bonds, though it remains untested in bankruptcy court.
November 7
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Santa Rosa escaped flames this year but still bears costs related to the nearby Kincade Fire.
November 7
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In Massachusetts, cannabis regulation fuels a corruption investigation; in Rhode Island, it pits the executive branch against the legislature.
November 7
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A phase-out of U.S.-China trade tariffs would keep the Federal Reserve on the sidelines.
November 7
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Kenneth Potts, senior vice president and portfolio manager at Fiera Capital, checks in on the state of the municipal bond market. He talks about the effect of the SALT deduction on high-tax states and supply and demand factors in this podcast recorded in September. Chip Barnett hosts.
November 7
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Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.
November 6
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Tuesday's results were led by the city of Scottsdale, which won voter authorization for $319 million of bonds.
November 6
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Investors downed a deluge of munis in what so far is living up to the billing of the busiest week of the year.
November 6
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Proposition CC, which would have allowed the state to retain revenues above a 27-year-old formula, was defeated.
November 6
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Bitvore has added sentiment scoring for municipal obligors, allowing users to glean leading indicators of performance from unstructured data sources in real time.
November 6
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Schools, public transit and medical research are among the beneficiaries of successful bond measures Tuesday in the Lone Star State.
November 6
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“We see some calming of seas,” said Beth Ann Bovino, chief U.S. economist and managing director at S&P Global Ratings, who offered those explanations as part of her latest take on the U.S. economic outlook.
November 6
